Yes and no, the arcade stick is nice on all arcade type games except fighting games. The default stick is a 4 way gate which is not really that great when it comes to doing special move inputs, especially complicated ones. It can be done but it feels nicer with an 8 way gate.

However the stick by itself is moddable, you can replace the stick with an 8 way, although looking for mod parts can be tricky. There are tons of youtube videos regarding it and to be honest I haven't checked these videos yet but probably one of them shows where to buy parts for modding.